JBS (NYSE:JBS) Rating Lowered to “Strong Sell” at Zacks Research

JBS (NYSE:JBS) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.

A number of other equities analysts also recently issued reports on the stock. Wall Street Zen downgraded shares of JBS from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. Weiss Ratings downgraded shares of JBS from a “buy (b)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Santander began coverage on shares of JBS in a research note on Thursday, August 14th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. decreased their price target on shares of JBS from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, October 14th. Finally, Stephens reissued an “overweight” rating and issued a $19.00 price target on shares of JBS in a research note on Friday, August 15th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $19.50.

JBS Stock Up 1.7%

Shares of NYSE:JBS opened at $13.09 on Tuesday. The company’s 50-day moving average price is $14.77. The company has a quick ratio of 0.76, a current ratio of 1.54 and a debt-to-equity ratio of 2.15. JBS has a 12 month low of $12.37 and a 12 month high of $17.80.

Institutional Investors Weigh In On JBS

Hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC purchased a new stake in JBS in the second quarter worth about $29,000. Farther Finance Advisors LLC purchased a new stake in JBS in the third quarter worth about $44,000. MAI Capital Management purchased a new stake in JBS in the second quarter worth about $44,000. CWM LLC purchased a new stake in JBS in the second quarter worth about $45,000. Finally, GAMMA Investing LLC purchased a new stake in JBS in the second quarter worth about $53,000.

JBS Company Profile

JBS N.V., together with its subsidiaries, operates as a protein and food company worldwide. The company offers beef, pork, chicken, poultry, fish, and lamb products; cooked frozen meat; plant based products; and other food products. It also sells leather, leather, hygiene and cleaning products, collagen, metal packaging, biodiesel, and others, as well as wet blue leather, semi-finished, and finished leather products.